đ According to BeinCrypto: $BTC Price Prediction
Bitcoinâs price at the time of writing is trading at $62,000, persisting above the $61,846 support floor. The recent rally followed by consolidation has resulted in the formation of a flag pattern.
The flag pattern is a technical analysis continuation pattern formed by a sharp price movement followed by a consolidation phase resembling a flag on a pole. It typically indicates a brief pause in a trend before the price resumes its previous direction.
In the case of Bitcoin, it will likely be an uptrend, and based on the target obtained by the pattern, BTC is expected to rally by more than 42%. If this rise is successful, the crypto asset could end up touching the highs of $95,000.
While a rally as massive as such is unlikely in the immediate future, the most probable increase could bring BTC to hit $80,000, marking a new all-time high.
